Stock Worth Watching: Wells Fargo & Company (NYSE:WFC) Institutional Investors Quarterly Sentiment

November 24, 2016 - By Louis Casey   ·   0 Comments

Stock Worth Watching: Wells Fargo & Company (NYSE:WFC) Institutional Investors Quarterly Sentiment

Sentiment for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) institutional sentiment decreased to 0.97 in Q2 2016. Its down -0.26, from 1.23 in 2016Q1. The ratio dived, as 837 funds started new or increased holdings, while 680 cut down and sold their stakes in Wells Fargo & Company. The funds in our partner’s database now own: 3.66 billion shares, down from 3.75 billion shares in 2016Q1. Also, the number of funds holding Wells Fargo & Company in their top 10 holdings decreased from 246 to 187 for a decrease of 59. Sold All: 72 Reduced: 608 Increased: 737 New Position: 100.

Wells Fargo & Company is a bank holding company. The company has a market cap of $262.16 billion. The Firm is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has a 12.93 P/E ratio. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

The stock decreased 0.11% or $0.06 on November 23, hitting $52.16. About 20.02M shares traded hands. Wells Fargo & Co (NYSE:WFC) has risen 3.04% since April 22, 2016 and is uptrending. It has underperformed by 2.37% the S&P500.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on January, 13 before the open. They expect $1.01 EPS, down 1.94% or $0.02 from last year’s $1.03 per share. WFC’s profit will be $5.08B for 12.91 P/E if the $1.01 EPS becomes a reality. After $1.03 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -1.94% negative EPS growth.

According to Zacks Investment Research, “Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. (Company Press Release)”

Daily Journal Corp holds 67.3% of its portfolio in Wells Fargo & Co for 1.59 million shares. Theleme Partners Llp owns 8.01 million shares or 28.49% of their US portfolio. Moreover, American Assets Inc has 26.23% invested in the company for 1.75 million shares. The Nebraska-based Berkshire Hathaway Inc has invested 17.5% in the stock. Aristotle Fund L.P., a Maine-based fund reported 204,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $1.00 million net activity.

Wells Fargo & Co (NYSE:WFC) Ratings Coverage

Ratings analysis reveals 52% of Wells Fargo & Company’s analysts are positive. Out of 27 Wall Street analysts rating Wells Fargo & Company, 14 give it “Buy”, 5 “Sell” rating, while 8 recommend “Hold”. The lowest target is $44 while the high is $67. The stock’s average target of $54.46 is 4.41% above today’s ($52.16) share price. WFC was included in 52 notes of analysts from July 29, 2015. The firm has “Underperform” rating given on Friday, September 25 by Macquarie Research. As per Wednesday, September 2, the company rating was upgraded by Vetr. The company was maintained on Thursday, August 13 by S&P Research. As per Wednesday, July 13, the company rating was initiated by Berenberg. The rating was upgraded by Evercore to “Buy” on Tuesday, September 8. The stock of Wells Fargo & Co (NYSE:WFC) has “Outperform” rating given on Friday, October 16 by RBC Capital Markets. Raymond James downgraded Wells Fargo & Co (NYSE:WFC) on Tuesday, October 4 to “Underperform” rating. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, October 19. The firm has “Underperform” rating by BMO Capital Markets given on Friday, November 18. FBR Capital maintained the stock with “Outperform” rating in Tuesday, September 27 report.

WFC Company Profile

Wells Fargo & Company, incorporated on January 24, 1929, is a bank holding company. The Firm is a diversified financial services company. The Firm has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Firm provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance through banking stores, the Internet and other distribution channels to consumers, businesses and institutions in approximately 50 states, the District of Columbia, and in foreign countries. The Firm operates through over 8,700 locations and approximately 13,000 automated teller machines (ATMs). The Company’s net loans include approximately $905,014 million. The Company’s total deposits include approximately $1.2 billion. The Company’s total investment securities include approximately $347.56 million.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Latimes.com which released: “Wells Fargo scandal prompts Los Angeles to crack down on banks that do …” on November 23, 2016, also Wsj.com with their article: “Wells Fargo Grapples With New Set of Management Restrictions” published on November 20, 2016, Bloomberg.com published: “Wells Fargo’s Stars Thrived While 5000 Workers Got Fired” on November 03, 2016. More interesting news about Wells Fargo & Co (NYSE:WFC) were released by: Fool.com and their article: “Wells Fargo & Co: Why John Stumpf Jumped Before He Could Be Pushed” published on October 28, 2016 as well as Reuters.com‘s news article titled: “Buffett breaks silence on Wells Fargo bogus account scandal” with publication date: November 11, 2016.

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By Louis Casey


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